We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marriott International, Inc. (MAR - Free Report) just released its third quarter 2017 financial results, posting earnings of $1.04 per share and revenues of $5.66 billion. Currently, Marriott is a Zacks Rank #2 (Buy) and is up marginally to $123.31 per share in after-hours trading shortly after its earnings report was released.
Marriott:
Beat earnings estimates. The company posted earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share.
Beat revenue estimates. The company saw revenue figures of $5.66 billion, topping our consensus estimate of $4.98 billion.
Marriott’s revenues jumped 44% from $3.94 billion in the year-ago period. On top of that, the resort giant reported net income of $392 million in Q3, which is up from $70 in 2016. The company’s EPS also skyrocketed 300%.
The hotel giant now expects to post Q4 earnings between $0.98 per share and $1.00 per share. For the full-year, Marriott projects that it will post EPS in the range of $4.22 to $4.24.
"The business related to the hurricane response increased North American lodging demand modestly in the third quarter, even as business transient and group demand was in line with expectations,” CEO Arne M. Sorenson said in a statement. “Outside North America, strong leisure demand in Asia and Europe drove RevPAR above our guidance.”
Here’s a graph that looks at Marriott’s Price, Consensus and EPS Surprise history:
Marriott International Price, Consensus and EPS Surprise
Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.
Check back later for our full analysis on Marriott’s earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marriot Posts Q3 Earnings Beat, Revenue Gains 44%
Marriott International, Inc. (MAR - Free Report) just released its third quarter 2017 financial results, posting earnings of $1.04 per share and revenues of $5.66 billion. Currently, Marriott is a Zacks Rank #2 (Buy) and is up marginally to $123.31 per share in after-hours trading shortly after its earnings report was released.
Marriott:
Beat earnings estimates. The company posted earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.98 per share.
Beat revenue estimates. The company saw revenue figures of $5.66 billion, topping our consensus estimate of $4.98 billion.
Marriott’s revenues jumped 44% from $3.94 billion in the year-ago period. On top of that, the resort giant reported net income of $392 million in Q3, which is up from $70 in 2016. The company’s EPS also skyrocketed 300%.
The hotel giant now expects to post Q4 earnings between $0.98 per share and $1.00 per share. For the full-year, Marriott projects that it will post EPS in the range of $4.22 to $4.24.
"The business related to the hurricane response increased North American lodging demand modestly in the third quarter, even as business transient and group demand was in line with expectations,” CEO Arne M. Sorenson said in a statement. “Outside North America, strong leisure demand in Asia and Europe drove RevPAR above our guidance.”
Here’s a graph that looks at Marriott’s Price, Consensus and EPS Surprise history:
Marriott International Price, Consensus and EPS Surprise
Marriott International Price, Consensus and EPS Surprise | Marriott International Quote
Marriott International, Inc. operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Ramada International brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club International, Horizons, The Ritz-Carlton Club and Marriott Grand Residence Club brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers.
Check back later for our full analysis on Marriott’s earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting today, and for the next month, you can follow all Zacks’ private buys and sells in real time. Our experts cover all kinds of trades: value, momentum, ETFs, stocks under $10, stocks that corporate insiders are buying up, and companies that are about to report positive earnings surprises. You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>